You are viewing the translated version of Power To Issue Debentures And Borrow Loans.
Section 24
Power To Issue Debentures And Borrow Loans
An association or society may issue debentures and borrow loans from a native or foreign bank or other body. Provided that, approval of Government of Nepal has to be obtained prior to issuing debentures or borrowing loans.
Cooperatives Act, 2048(1992)
Chapter - 2
Section 3: Formation Of Association Or SocietySection 4: Application For Registration Of Association Or SocietySection 5: Application For Registration Of Association Or SocietySection 6: Powers To Refuse To RegisterSection 7: Association Or Society To Be Body CorporateSection 8: Liability Of Association Or Society To Be Limited
Chapter - 4
Section 12: Bye-lawSection 13: General MeetingSection 14: Functions, Duties And Powers Of General MeetingSection 15: Meetings Of General MeetingSection 16: Board Of DirectorsSection 17: Accounts CommitteeSection 18: Expulsion Of Member Of Board Or Dissolution Of BoardSection 19: Sub-committeesSection 20: Appointment Of Employees And Advisers
Chapter - 6
Section 23: Sale Of SharesSection 24: Power To Issue Debentures And Borrow LoansSection 25: Security Of Government Of Nepal May Be Obtained While Borrowing LoansSection 26: Powers To Carry On Banking TransactionsSection 27: Distribution Of SavingSection 28: Prohibition On Providing Financial AssistanceSection 29: Prohibition On Awarding ContractSection 30: Share Or Right Of Member Not To Be Auctioned